Barry County Real Estate and Livability Trends
In Barry County, Michigan, the median home values soared from $134,700 in 2015 to $223,600 in 2022, exceeding both state and national growth rates. Tax trends also shifted, with real estate taxes leaping from $2,899.16 in 2012 to $5,924.81 in 2021, possibly due to policy adjustments or valuation changes. The locale saw a dip in farm tax returns, hinting at a shift from agriculture to other... Read more
Barry County Market Trends
Barry County, Michigan has seen a rapid rise in median home values, jumping from $134,700 in 2015 to $223,600 in 2022, outpacing both the state and national averages. Real estate taxes in the county also trended upward, reaching $5,924.81 in 2021 from $2,899.16 in 2012, suggesting possible policy changes or valuation shifts. Interestingly, the percentage of farm tax returns has declined,... Read more
Median Value of Occupied Housing Units in Barry County, Michigan Over the Last 8 Years
Barry County, Michigan has experienced a rapid and steady rise in median home values over the last eight years, jumping from $134,700 in 2015 to $223,600 in 2022. This trend outpaces both Michigan's state average, which grew from $122,400 to $201,100, and the national average, which saw an increase from $125,500 to $179,400 during the same period. Such an upward trajectory in Barry County could indicate a robust real estate market potentially driven by factors like local economic growth, increasing demand, or limited housing supply. For those looking to invest, move, or build property in Barry County, this trend suggests a promising opportunity for property value appreciation.
Residential Energy Tax Credit Per Tax Return in Barry County, MI Over the Last 9 Years
Barry County, Michigan's residential energy tax credit per tax return has shown a notable upward trend over the last nine years. Starting at around $350.55 in 2013, the average credit saw a substantial peak in 2018 at approximately $3666.67. Though not maintaining this peak, the figures have remained relatively higher compared to prior years, with 2021 seeing an average credit of about $1021.74. This pattern indicates a growing investment in energy-efficient home improvements, possibly driven by increased awareness and incentives. This data could be particularly relevant for investors, appraisers, real estate agents, and homeowners considering energy-efficient upgrades or new installations in the area.
Average Real Estate Taxes Per Tax Return in Barry County, MI Over the Last 10 Years
Real estate taxes in Barry County, Michigan, have generally trended upwards over the past decade, fluctuating from $2,899.16 in 2012 to around $5,924.81 by 2021. Noteworthy spikes occurred around 2018, ascending significantly from previous years to $5,239.07 and continuing to rise, which might suggest changes in tax policy or valuation methods. Such trends could potentially influence decisions for prospective investors, homeowners, appraisers, insurance agents, and real estate professionals operating within the county.
Percentage of Farm Returns in Barry County, MI Over the Last 10 Years
Over the last decade, Barry County, Michigan has witnessed a gradual decline in the percentage of farm tax returns, from approximately 2.72% in 2012 to around 2.26% in 2021. This trend might indicate diminishing farm activities or a shift towards other economic sectors. For those looking to invest, move, or build property in Barry County, this could suggest evolving land use and market dynamics that may impact property values and community developments. Farm tax returns refer to tax filings that indicate the presence and financial activity of farms, which are crucial for understanding agricultural health and local economic conditions.
Number of Mortgages by Occupancy Type in Barry County, MI Over the Last 5 Years in Barry County
In Barry County, Michigan, the number of mortgages for principal residences outstrips those for investment and second properties by a significant margin across the past five years. Noteworthy peaks can be observed in principal residence mortgages in 2021 and 2020, suggesting vibrant home-buying activity. However, the slight fluctuations in investment and second residence mortgages could indicate varying interest in non-primary property investments, perhaps tied to broader economic conditions. Understanding these trends is crucial for investors, real estate agents, and developers to gauge market demand and strategize accordingly, while also influencing appraisers' assessments and insurance agents' risk evaluations.
Economic Outlook
In Barry County, Michigan, average taxable income per tax return rose from $53,668.94 in 2013 to $75,586.23 in 2021, hinting at strong economic conditions and potentially higher property values. The state and local income taxes per tax return also showed a significant increase, jumping from $4,549.77 in 2012 to $12,024.60 by 2021, which may affect the cost of living and disposable income. Additionally, the total tax liability per tax return fluctuated yet generally increased, rising from... Read more
Average Taxable Income per Tax Return in Barry County, MI over the last 9 years
Barry County, Michigan has seen a notable increase in average taxable income per tax return over the past nine years. Starting at $53,668.94 in 2013, the income steadily grew to $75,586.23 by 2021. This upward trend could be of interest to investors and real estate agents as it suggests strengthening economic conditions and potentially higher property values. For those considering a move or property development in the area, the rising incomes might reflect a more prosperous community and better financial stability among residents. Appraisers and insurance agents might also view these trends as indicators of increasing property and asset value in Barry County.
Average State and Local Income Taxes Per Tax Return in Barry County, MI Over the Last 10 Years
Investors and potential residents will find it interesting that Barry County, Michigan has seen a significant rise in state and local income taxes per tax return over the past decade. Starting at around $4,549.77 in 2012, the amount surged to over $12,024.60 by 2021. This notable increase, particularly sharp between 2017 and 2018, implies a growing tax burden which could impact disposable income and overall cost of living. Real estate developers and those building property may need to consider these trends when forecasting economic conditions and property valuations in the region.
Average Total Tax Liability Per Tax Return in Barry County, MI Over the Last 10 Years
Over the past decade, Barry County, Michigan has exhibited a fluctuating yet generally increasing trend in total tax liability per tax return. Starting from $7,774.55 in 2012, the liability surged to $11,718.15 by 2021, with noticeable peaks and dips along the way. This could suggest shifting economic conditions, changes in taxable incomes, or adjustments in tax policies. Such variability is significant for potential investors, homeowners, and professionals in the real estate and insurance sectors as it impacts economic forecasts, property values, and taxation expectations.
Cost of Living in Barry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,269 | $1,383 | $1,686 | $1,365 | $1,221 |
| 1 adult 4 children | $1,269 | $1,130 | $1,288 | $1,365 | $1,346 |
| 2 adults 3 children | $1,269 | $1,130 | $1,464 | $1,365 | $1,029 |
| 1 adult 3 children | $1,269 | $923 | $1,066 | $1,365 | $1,130 |
| 2 adults 2 children | $905 | $925 | $1,242 | $1,183 | $865 |
| 1 adult 2 children | $905 | $691 | $843 | $1,183 | $834 |
| 2 adults 1 child | $905 | $731 | $1,019 | $591 | $800 |
| 1 adult 1 child | $905 | $472 | $621 | $591 | $657 |
| 2 adults | $736 | $587 | $797 | $0 | $656 |
| 1 adult | $605 | $320 | $398 | $0 | $524 |
Safety trends & Data
Barry County, Michigan has witnessed substantial shifts in property crime rates over the past five years. Larceny-theft incidents have decreased significantly, from 67.00 in 2018 to 28.00 in 2022. Burglary rates have also dropped, from 31.00 incidents in 2018 to just 6.00 in 2022. However, motor vehicle theft showed a spike in 2020 at 12.00 incidents before reducing to 4.00 in 2022. This volatility is crucial for investors, real estate agents, and residents, as it suggests changing risk... Read more
Property Crime Trends in Barry County, MI Over the Last 5 Years
Barry County, Michigan has seen fluctuating property crime trends over the last five years. Larceny-theft remained relatively high but has decreased from 67.0 incidents in 2018 to 28.0 in 2022. Burglary incidents showed a notable drop from 31.0 in 2018 to 6.0 in 2022. Meanwhile, motor vehicle theft spiked in 2020 at 12.0 incidents but has since decreased to 4.0 incidents in 2022. The volatility in these numbers is crucial for potential investors, real estate agents, and residents, indicating changing risk profiles and influencing property values and insurance premiums.
Demographics
Barry County, Michigan sees a nearly even split between male and female adults. A substantial portion of the population are high school graduates, with smaller segments holding advanced degrees. The age distribution indicates a relatively balanced mix across age groups, with a noticeable number in the 55 to 64-year bracket. Racially, the county is predominantly White, with other racial groups making up a small percentage. This balanced demographic could imply stable community dynamics but also... Read more
Race Distribution in Barry County, Michigan (2022)
Educational Attainment in Barry County, Michigan (2022)
Age Distribution in Barry County, Michigan
Citizen Population in Barry County, Michigan (2022)
Political Trends & Data
Barry County, Michigan demonstrated a strong Republican preference during the 2020 U.S. Presidential Election, with approximately 65% of the vote going to the GOP. Democrats captured nearly 33%, highlighting a pronounced partisan division. Third-party candidates, including those from the Libertarian and Green parties, played a minimal role, which suggests limited influence on the election results... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Barry County in Michigan showed a significant leaning toward the Republican party in the 2020 U.S. Presidential Election, with around 65% of the vote. Democrats garnered nearly 33%, indicating a notable partisan gap. Third-party candidates, including the Libertarian and Green parties, accounted for a small fraction of the total votes, suggesting a limited impact on the overall outcome.
65.37% of voters voted for the Republican party in the 2020 Presidential Election
32.86% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Barry County, Michigan has experienced a fluctuating but generally increasing student-to-teacher ratio, recently reaching around 19 students per teacher, higher than the national average of 14. This trend could suggest larger class sizes and potentially strained educational resources, an important consideration for real estate investors, developers, and potential new residents. Real estate agents could use this data to inform prospective buyers who prioritize education, while insurance agents... Read more
Student-to-teacher ratio in Barry County, Michigan over the last 10 years
Over the past decade, Barry County, Michigan has seen a fluctuating but generally rising trend in its student-to-teacher ratio, peaking at approximately 19 students per teacher in recent years. This is somewhat higher than the national average of 14 students per teacher, which may indicate larger class sizes and potentially more strain on educational resources within the county. For those looking to invest, build, or relocate to Barry County, understanding these educational dynamics could be significant since larger class sizes might reflect on educational quality and local school funding. Appraisers and real estate agents could leverage this data as a talking point for prospective buyers who prioritize educational factors. Insurance agents might also consider this trend when assessing risk and community engagement for school properties.
